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Bear Stearns gets emergency funds

The US bank Bear Stearns is being given emergency funding, sparking further concerns about global credit market losses. " JP Morgan Chase will provide the money to Bear Stearns for 28 days with the Federal...

created by Rachel Nixon | 1 year ago | updated 1 year ago
299 views | 0 recommendations | 1 comment

VirtualErn

Dollar at Record Low vs. Euro

Good news for holiday shoppers, but that's about it. This is dreadful news for European companies that rely on US investment. When risk outweighs potential benefit, American financiers will have no real incentive...

created by Jordan Yerman | 1 year ago | updated 1 year ago
187 views | 0 recommendations | 0 comments

razorthought

Chrysler Gives Employees Two Week 'Mandatory' Vacation

This would be an interesting email/memo to receive from your boss: You've got to take two weeks vacation in July. Basically we don't want to pay you for two weeks to recoup some losses.Interesting tactic. I'm...

created by Rob Walker | 1 year ago | updated 1 year ago
1819 views | 12 recommendations | 14 comments

seiu1199p

Carlyle Creditors calls it quits - taxpayer to put the "free" in free market?

Consider it the newest economic domino in the line of the falling - " March 13 (Bloomberg) -- Carlyle Group's mortgage-bond fund, which received more than $400 million in margin calls since March 5, said it was...